Beverly Hills Business Bank: The Vanishing Utility of Letters of Credit in Real Estate Transactions a#39; (1994) 31 Sao Diego. ... 1612 in 1994 to react to, and with the express intent of abrogating. ... law which views a letter of credit as an independent obligation owed by the issuing bank rather *343 than a form of guarantee or surety obligation. (See, e.g., 2 White aamp; Summers, Uniform Commercial Code (3d ed.
|Title||:||Real Estate Financing Documentation|